Ensuring Uptime in Finance
Finance is one of the most regulated industries in the world. Constantly facing newly emerging threats, compliance requirements, and customer demands, a network disruption can dismantle credibility and render systems useless.
To meet these demands, financial institutions are integrating more IoT at branch locations, increasing the usage of mobile apps and creating more distributed sites – all requiring additional network capabilities. As these organizations adjust their operations to accommodate these needs, a new set of network requirements must be met, such as faster bandwidth, increased security and the ability to scale to ensure business continuity.
Opengear solutions are deployed by some of the largest financial institutions in the world. Ensuring always-on network resilience, they ensure that infrastructure can be managed remotely and are scalable.
To learn more about the security risks of disruptions and how to ensure network resilience, download our whitepaper today!
Creating Compliant and Secure Networks
The average cost of a data breach is $3.86 million, which can result in brand damage, lost customers and thousands of dollars in fines. In finance, cyberattacks, such as malware, mobile apps, and unencrypted data, are one of the largest threats to network security. In an effort to decrease disruptions and safeguard customer information, a variety of regulatory requirements have been created.
Opengear solutions provide enterprise-grade security for edge and core networks. Advanced security and encryption features that are built-in to each device ensure that routers, phones, and ATMs are updated with the latest compliance standards. Lighthouse Centralized Management gives organizations full visibility into their network to detect faults before they become failures.
To better understand threats directly facing financial institutions and how to extend your reach during outages, view our infographic.
Deploying SD-WAN in Financial Networks
Financial organizations understand the important role proximity plays when improving customer experiences. To broaden their reach, many are expanding their branch locations and using more kiosks. Deploying SD-WAN establishes secure VPN connections across any service and provides the necessary bandwidth for cloud tools and services, becoming more used within the industry.
However, advanced SD-WAN routers create single points of failure and a network disruption can cause financial institutions many issues. Failover to Cellular™ provides internet connectivity for remote LANs and equipment using 4G LTE in the event of a disruption. Smart Out-of-Band provides an alternate secure pathway so the network continues to operate when other circuits are unavailable.
The world’s leading banks choose Opengear to support their SD-WAN deployments, learn how an out-of-band management network provides the guaranteed access and high reliability to make SD-WAN a low-risk option.
“We’re very happy with our Opengear network. It’s been a life saver and should have been done a long time ago.”
~ Nick Griffin, EVP Director of IT Communications at Bank OZK
Understanding Network Resilience
For financial institutions to reduce network downtime, it’s important to understand the difference between redundancy and resiliency. A redundant financial network duplicates some network elements, so in the event that one path fails, another can be used. This only removes a single point of failure and is expensive. A resilient network takes into consideration the full ecosystem, from ATMs to IoT devices and software stacks.
Read our white paper to learn how Smart Out-of-Band and Failover to Cellular use high-speed networks during a disruption, enabling critical devices to continue running.
Webinar: Network Resilience for Financial Companies
Watch our webinar to get an in-depth overview of how Opengear console servers help you achieve network resilience.
The Opengear IM7200 is a state of the art infrastructure management solution which streamlines remote management of network, server and power infrastructure in data center and remote environments, ensuring business continuity, secure and reliable access.